The market’s back to normal, by which I mean there was a new 52-week high for the TXPR price index today, with today’s high of 665.49 eclipsing the mark of 664.37 set on 2025-07-02.
HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2802 % | 2,309.0 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2802 % | 4,494.9 |
Floater | 6.92 % | 6.92 % | 57,179 | 12.68 | 2 | 0.2802 % | 2,590.4 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0732 % | 3,665.8 |
SplitShare | 4.78 % | 4.23 % | 57,844 | 2.49 | 7 | -0.0732 % | 4,377.7 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0732 % | 3,415.7 |
Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4229 % | 2,991.4 |
Perpetual-Discount | 5.75 % | 5.90 % | 45,589 | 14.05 | 32 | 0.4229 % | 3,261.9 |
FixedReset Disc | 5.69 % | 6.17 % | 115,683 | 13.24 | 40 | 0.3164 % | 2,953.8 |
Insurance Straight | 5.69 % | 5.78 % | 49,539 | 14.26 | 19 | -0.0961 % | 3,180.8 |
FloatingReset | 5.57 % | 5.37 % | 43,012 | 14.84 | 2 | 0.0956 % | 3,669.1 |
FixedReset Prem | 5.72 % | 5.11 % | 122,422 | 2.98 | 16 | 0.1405 % | 2,631.0 |
FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3164 % | 3,019.4 |
FixedReset Ins Non | 5.25 % | 5.58 % | 63,052 | 14.36 | 14 | -0.2819 % | 3,046.1 |
Performance Highlights | |||
Issue | Index | Change | Notes |
GWO.PR.I | Insurance Straight | -4.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 18.96 Evaluated at bid price : 18.96 Bid-YTW : 5.98 % |
MFC.PR.M | FixedReset Ins Non | -4.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 22.42 Evaluated at bid price : 23.20 Bid-YTW : 5.73 % |
BN.PR.M | Perpetual-Discount | -1.98 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 19.85 Evaluated at bid price : 19.85 Bid-YTW : 6.03 % |
IFC.PR.I | Insurance Straight | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 23.24 Evaluated at bid price : 23.50 Bid-YTW : 5.78 % |
GWO.PR.Y | Insurance Straight | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 19.60 Evaluated at bid price : 19.60 Bid-YTW : 5.78 % |
GWO.PR.N | FixedReset Ins Non | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 17.40 Evaluated at bid price : 17.40 Bid-YTW : 5.89 % |
PWF.PR.L | Perpetual-Discount | 1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 21.66 Evaluated at bid price : 21.91 Bid-YTW : 5.92 % |
CU.PR.H | Perpetual-Discount | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 22.88 Evaluated at bid price : 23.15 Bid-YTW : 5.73 % |
CU.PR.D | Perpetual-Discount | 1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 21.26 Evaluated at bid price : 21.26 Bid-YTW : 5.84 % |
ENB.PR.D | FixedReset Disc | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 20.19 Evaluated at bid price : 20.19 Bid-YTW : 6.61 % |
NA.PR.C | FixedReset Prem | 1.43 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-11-15 Maturity Price : 25.00 Evaluated at bid price : 26.90 Bid-YTW : 4.08 % |
GWO.PR.R | Insurance Straight | 1.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 20.83 Evaluated at bid price : 20.83 Bid-YTW : 5.81 % |
BIP.PR.F | FixedReset Disc | 1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 23.34 Evaluated at bid price : 25.10 Bid-YTW : 5.86 % |
SLF.PR.E | Insurance Straight | 1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 20.59 Evaluated at bid price : 20.59 Bid-YTW : 5.50 % |
PWF.PR.P | FixedReset Disc | 2.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 17.86 Evaluated at bid price : 17.86 Bid-YTW : 6.17 % |
POW.PR.D | Perpetual-Discount | 2.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 21.35 Evaluated at bid price : 21.62 Bid-YTW : 5.79 % |
CU.PR.J | Perpetual-Discount | 3.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 20.66 Evaluated at bid price : 20.66 Bid-YTW : 5.83 % |
CU.PR.C | FixedReset Disc | 3.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 22.90 Evaluated at bid price : 23.25 Bid-YTW : 5.69 % |
CU.PR.G | Perpetual-Discount | 5.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 19.95 Evaluated at bid price : 19.95 Bid-YTW : 5.71 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
CM.PR.Q | FixedReset Disc | 365,900 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-08-30 Maturity Price : 25.00 Evaluated at bid price : 24.94 Bid-YTW : 4.85 % |
MFC.PR.C | Insurance Straight | 102,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 20.18 Evaluated at bid price : 20.18 Bid-YTW : 5.63 % |
PWF.PR.P | FixedReset Disc | 62,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 17.86 Evaluated at bid price : 17.86 Bid-YTW : 6.17 % |
CU.PR.E | Perpetual-Discount | 50,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 21.36 Evaluated at bid price : 21.36 Bid-YTW : 5.81 % |
FFH.PR.G | FixedReset Disc | 50,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-04 Maturity Price : 23.38 Evaluated at bid price : 24.35 Bid-YTW : 5.50 % |
BIP.PR.B | FixedReset Prem | 46,200 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-12-31 Maturity Price : 25.00 Evaluated at bid price : 25.12 Bid-YTW : 4.62 % |
There were 13 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible. | ||
Issue | Index | Quote Data and Yield Notes |
ENB.PR.D | FixedReset Disc | Quote: 20.19 – 22.98 Spot Rate : 2.7900 Average : 1.7622 YTW SCENARIO |
MFC.PR.M | FixedReset Ins Non | Quote: 23.20 – 24.44 Spot Rate : 1.2400 Average : 0.8766 YTW SCENARIO |
PVS.PR.L | SplitShare | Quote: 25.95 – 26.95 Spot Rate : 1.0000 Average : 0.6758 YTW SCENARIO |
PVS.PR.H | SplitShare | Quote: 25.33 – 26.33 Spot Rate : 1.0000 Average : 0.6834 YTW SCENARIO |
BIP.PR.E | FixedReset Disc | Quote: 24.95 – 25.75 Spot Rate : 0.8000 Average : 0.4993 YTW SCENARIO |
GWO.PR.I | Insurance Straight | Quote: 18.96 – 19.75 Spot Rate : 0.7900 Average : 0.5269 YTW SCENARIO |